There is no deadline to advise your underwriter of a loss unless the policy specifies a deadline. However, a client ought to definitely advise the carrier as shortly because the injury from the loss is discovered. Prompt notice of loss is needed by most policies, although what's “prompt” is sometimes a truth issue—meaning it's controversial on an item-by-item basis. Some policies currently need that notice of a loss should learn at intervals one year of the date of loss. However, so as to avoid its obligations to pay policy advantages supported a failure to convey prompt notice, Associate in Nursing underwriter should prove it absolutely was somehow prejudiced by the “late” notice.[1] Associate in Nursing example of prejudice would be a policyholder’s late notice of roof injury that later (not simultaneously) caused water injury within the property. Arguably, the underwriter would still be accountable for the roof, however, might not be accountable for the inside damages as a result of except for the policyholder’s late notice, the inside injury would are prevented.
– By Scott Friedson, claim Recovery Support LLC and engineer Loyd, The Loyd firm PLLC
Scott Friedson, owner of claim Recovery Support LLC, could be a TX accredited Public Insurance investigator. engineer Loyd, an owner of The Loyd firm PLLC, is Board Certified in client and jurisprudence. The opinions expressed area unit those of the author(s) and don't essentially replicate the views of the corporations, its purchasers, or any of its or their various affiliates. this text is for general data functions and isn't meant to be and may not be taken as the legal recommendation.
